One of the rumored reasons for the delay of the IPO was the revised paperwork Facebook had to file with the Securities and Exchange Commission following its $1 billion acquisition of photo-sharing service Instagram and its purchase of about 650 former AOL patents from Microsoft for $550 million.
Glancee, an app for Apple iOS and Android devices, allowed users to sign in with Facebook and discover other users within a specified distance with similar interests.
The app has already been shut down, and Glancee’s three co-founders, who were also its only employees, will join Facebook.
Facebook issued the following statement:
We are thrilled to confirm that Facebook has acquired Glancee. The acquisition closed today. We can’t wait for co-founders Andrea, Alberto, and Gabriel (Chief Executive Officer Andrea Vaccari, Chief Operating Officer Alberto Tretti, and Chief Technology Officer Gabriel Grise) to join the Facebook team to work on products that help people discover new places and share them with friends.
And a note on the Glancee homepage read:
We started Glancee in 2010 with the goal of bringing together the best of your physical and digital worlds. We wanted to make it easy to discover the hidden connections around you, and to meet interesting people. Since then, Glancee has connected thousands of people, empowering serendipity and pioneering social discovery.
We are therefore very excited to announce that Facebook has acquired Glancee and that we have joined the team in Menlo Park to build great products for over 900 million Facebook users. We’ve had such a blast connecting people through Glancee, and we truly thank our users for being a part of the Glancee community.
Readers: Do you think Facebook’s acquisition of Glancee will affect the timing of its IPO?